Nu Holdings Ltd. Reports First Quarter 2024 Financial Results

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UBS Reiterates Buy Rating on Nu Holdings (Nubank) (NU)

May 16, 2024 1:59 PM EDT

UBS analyst Thiago Batista reiterated a Buy rating and $13.50 price target on Nu Holdings (Nubank) (NYSE: NU).

The analyst comments "All metrics deteriorated in 1Q24 Nu's NPL ratio was up 20bps QoQ to 6.3% and the stage 3 ratio was also up 35bps QoQ... More